3 ms·
Yeah because VC money drove up the price of online advertising to insane levels which bootstrapped companies could no longer compete with and then they hoarded
by jondubois 9y ago
Yeah because VC money drove up the price of online advertising to insane levels which bootstrapped companies could no longer compete with and then they hoarded up all the blogs with constant streams of articles... There was a long period when VCs essentially owned all the popular tech blogs. Bloggers would not dare to cover any product which was not backed by VC money for fear that it would ruin their future prospects.
In effect, VCs used their money to gain a monopoly on user attention and this killed off a LOT of bootstrapped companies which would otherwise have strived.